111: How Banks Work


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Jul 25 2022 15 mins  

Jason and Kyle discuss banks and how they work.


  • Banks do not lend out their own money

  • Banks lend out money that doesn’t exist

  • Nelson did not like using banks because it is inflationary

  • We still use banks but think it is important to understand how they work


Link to George Gammon YT channel: https://www.youtube.com/c/GeorgeGammon


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